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Andromeda Metals Ltd

ASX:ADN ISIN:AU000000ADN0

Andromeda Metals Ltd (ASX:ADN) is an Australian Securities Exchange listed company focusing on mineral exploration for gold, copper and lithium deposits. The company has built a highly prospective exploration portfolio of projects covering 7,969 sq kms within 21 exploration licences located in South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The company's head office is in Adelaide, South Australia.

Andromeda Metals' vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.

Andromeda Metals (ASX:ADN) holds the Moonta copper project, located on the Yorke Peninsula in South Australia. The project area is highly mineralised and includes numerous historically mined deposits, as well as more recent copper discoveries including the Bruce Zone at Alford West and the Wombat deposit located approximately 3km to the west.

Investigator Resources Limited (ASX:IVR) undertook a scout drill program in March 2017 of 20 aircore holes totalling 1,076m of drilling with depths between 30m and 90m. The program primarily targeted soil anomalies for silver deposits similar to the Paris silver deposit located about 10km to the east in the adjacent 100% IVR-held tenement.

Andromeda Metals Ltd (ASX:ADN) is pleased to advise that it has been successful in its application for participation in the Federal Government's Exploration and Development Incentive Scheme for the 2015-16 financial year.

Andromeda Metals Ltd (ASX:ADN) holds the 819km2 Moonta copper project on South Australia's Yorke Peninsula. A review of the assay results of Company and historical drill holes on the Moonta copper project has confirmed the presence of significant cobalt at a number of prospects, with the most substantial results at Willamulka and Alford West.